The Securities and Exchange Commission (SEC) define what type of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law.

The Board of Governors of the Federal Reserve System voted to publish final rules (June 7th, 2012) on market risk capital. For Banks with a high proportion of trading assets and liabilities, the final market risk capital rule prescribes methods for calculating the market risk capital requirement (Basel 2.5) for FX and commodities positions and certain trading assets and liabilities.

This consultative document sets out a revised market risk framework and proposes a number of specific measures to improve trading book capital requirements. These proposals reflect the Committee's increased focus on achieving a regulatory framework that can be implemented consistently by supervisors and which achieves comparable levels of capital across jurisdictions.